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Alam Maritim bags contracts worth RM37m to supply vessels

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Alam Maritim bags contracts worth RM37m to supply vessels Empty Alam Maritim bags contracts worth RM37m to supply vessels

Post by Cals Wed 04 Sep 2013, 00:55

Alam Maritim bags contracts worth RM37m to supply vessels
Business & Markets 2013
Written by Jeffrey Tan of theedgemalaysia.com
Tuesday, 03 September 2013 18:20

KUALA LUMPUR (Sept 3): Alam Maritim Resources Berhad (AMRB) has secured a contract for the provision of one unit of Anchor Handling Tug Vessel and another for one unit of straight supply vessel, with both contracts worth a total of RM37 million.

In a statement to the stock exchange, AMRB said its subsidiary; Alam Maritim (M) Sdn Bhd, had recently received two award letters from an established oil and gas company for the provision of the said vessels.

“The contracts are expected to contribute positively to the earnings and net assets of the group for the financial year ending Dec 31, 2013 till 2015,” said AMRB.

The statement also said the duration of contract for the Anchor Handling Tug Vessel would span a primary period of twelve months.
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